If you have ever visited the Caribbean, you’ve likely had the thought, ‘I could live here’. And, who wouldn’t want to? Year-round sunshine and endless beaches are definitely things anyone could get used to. But, beyond the climate, here are several factors you should consider before investing in Caribbean real estate:
Location, location, location
Cliff-top Pools at The Crane Resort
While it is everyone’s dream to own a home on the beach in the Caribbean, you should also evaluate the location’s on-site amenities i.e. pools, restaurants and bars, fitness facilities, shopping, spas etc. Barbados’ newest luxury development – The Crane Private Residences – is enviably located within the historic, ocean-front Crane Resort, offering access to a range of world-class resort amenities and services.
Infrastructure
Warning: your recent Caribbean vacation may have left you with rose-tinted glasses. While your memories of lounging on the beach until sunset may still be fresh, your decision to buy Caribbean property should also be based on detailed research into each island’s infrastructure – healthcare, education, transportation and road network, banking services etc.
Financing
Each Caribbean island is different. Some require that you have all of the funds needed to purchase, while others like Barbados, allow you to secure US Dollar mortgages from the off-shore sector of the local banking industry. However, ownership at The Crane Private Residences is uniquely affordable, with staged payments due at pre-specified construction milestones and only US $10, 000 required to reserve a residence.
Rental Potential
The Crane Private Residences
If you are considering buying Caribbean property to use as a holiday home or as an investment property, consider appointing a property manager who can solicit rentals, pay your utilities and conduct general maintenance in your absence. Each residence in The Crane Private Residences can be managed by the developer, Crane Resorts, when not in use by the owner. With the option available for hotel services and a full rental management programme, this is an effortless investment property to own.
Ownership at The Crane Private Residences is an attractive proposition with current pre-construction prices approximately half that of comparable luxury ocean front real estate in Barbados. For more information, contact us now at property@craneresorts.com.
Property Sales Office
The Crane Resort
Barbados
+1 (246) 416 6560